Hangzhou Huaguang Advanced Welding MaterialsLtd Second Quarter 2024 Earnings: EPS: CN¥0.44 (vs CN¥0.29 in 2Q 2023)

Simply Wall St · 08/30 23:08

Hangzhou Huaguang Advanced Welding MaterialsLtd (SHSE:688379) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥507.3m (up 23% from 2Q 2023).
  • Net income: CN¥37.3m (up 54% from 2Q 2023).
  • Profit margin: 7.3% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.44 (up from CN¥0.29 in 2Q 2023).
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SHSE:688379 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hangzhou Huaguang Advanced Welding MaterialsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 19% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Hangzhou Huaguang Advanced Welding MaterialsLtd (1 is a bit concerning!) that you need to be mindful of.